AVN | Flag PatternAVN is currently within a Bull Flag pattern, facing resistance around 53. Multiple barriers hinder breakout. Anticipation for bullish reversal towards 56-59 post-breakout; breach below 49 signals potential bearish momentum.
Next report date
Report period
Q1 2024
EPS estimate
—
Revenue estimate
—
10.93PKR
4.38 BPKR
17.77 BPKR
157.60 M
About AVANCEON LTD
Sector
Industry
CEO
Bakhtiar Hameed Wain
Website
Headquarters
Lahore
Founded
1984
ISIN
PK0107501014
FIGI
BBG005NKRMG3
Avanceon Ltd. is a holding company, which engages in the provision of industrial automation, process control and systems integration solutions, to trade in products of automation and control equipment, and provide related technical services. It operates through the following segments: After Marketing Support (AMS), Core Business, Manufacturing and Assembling, Specialized Business, Engineering Services, and Middle East. The AMS segment is involved in services such as technical support and service level agreements and related spares. The Core Business segments include Application Based Solutions, Systems, and Products. The Specialized Business segment refers to the Energy Management System and High End Solutions. The Engineering Services segment consists of business includes revenues from man-hours charged to Avanceon FZE and Avanceon Automation and Control WLL for in-house engineering and development of Human Machine Interfaces, logic design, and development of engineering control mechanisms, and secondment of Avanceon Limited's engineers to Avanceon FZE and Avanceon Automation and Control WLL project sites for installation, commissioning and post implementation support of systems. The Middle East segment focuses on the core business, specialized business, and engineering services to UAE, Qatar, Pakistan and European Union countries. The company was founded by Bakhtiar Hameed Wain and Bob Zeigenfuse in 1984 and is headquartered in Lahore, Pakistan.
AVN (Intraday/Short Swing)AVN is in a bullish trend. 2 hourly channel tops. Consolidating to go for further targets at 63 after crossing 66 is our next target.
Sell AVN from 63-66.
Buy AVN from 59-61.
SL At 57.
Test Case - Bullish Divergence will Play or H&S Pattern?Bullish Divergence on Daily TF
H&S Pattern yet to complete its Right Shoulder
Bullish Pin Bar* Bullish Pin Bar & Closing Just Above
Symmetrical Triangle on Daily Basis
* Bullish on Hourly Basis
* 62 should be Crossed & Sustained for
Further Upside
AVN is BullishAVN has finally given a breakout from the declining phase, and is currently breaking the previous lower high. After the formation of a higher high, a bullish rally is expected to be triggered from here. Targets are mentioned on the chart.
ABCD Patterns in play!Bullish Divergence on Daily TF
Also ABCD pattern is completed around 46
However, another ABCD Pattern is in play and
we may witness 43 - 44
AVN bull run continuesAVN broke the long continued bull run as seen in the charts.
Onto its next support
AVN is in major wave [5] since 2023𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐉𝐚𝐧-𝟐𝟕 (Weekly TF)
𝐒𝐜𝐫𝐢𝐩𝐭: Avancoen (𝑨𝑽𝑵)
Considering the price action, and price 40.5 as the bottom of larger wave and start of wave , there are two major scenarios for a 𝑙𝑒𝑎𝑑𝑖𝑛𝑔 𝑑𝑖𝑎𝑔𝑜𝑛𝑎𝑙 𝑤𝑎𝑣𝑒.
𝐀 - 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐝𝐢𝐚𝐠𝐨𝐧𝐚𝐥 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝟏: (𝐁𝐥𝐚𝐜𝐤 𝐥𝐢𝐧𝐞𝐬)
1- The wave movement does not see
AVN AVN is trade with Head and shoulder pattern.
As the price is been on high bull run but now it seems like price is lacking bullish momentum after making Head and shoulder pattern , LH suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 37.
We can take s
AVNLooking at the chart, we observe the formation of a symmetrical triangle pattern. The converging trendlines suggest a period of indecision in the market. As breakout is observed, we could see a bullish continuation with a potential target based of 68 on the triangle's height. Conversely, a downside
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Frequently Asked Questions
The current price of AVN is 58.45 PKR — it has decreased by 2.71% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange AVANCEON LTD stocks are traded under the ticker AVN.
AVANCEON LTD is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
AVN stock is 3.93% volatile and has beta coefficient of 1.77. Check out the list of the most volatile stocks — is AVANCEON LTD there?
Yes, you can track AVANCEON LTD financials in yearly and quarterly reports right on TradingView.
AVN stock has risen by 10.70% compared to the previous week, the month change is a 24.24% rise, over the last year AVANCEON LTD has showed a 3.33% decrease.
AVN net income for the last quarter is 3.01 B PKR, while the quarter before that showed 272.46 M PKR of net income which accounts for 1.00 K% change. Track more AVANCEON LTD financial stats to get the full picture.
Today AVANCEON LTD has the market capitalization of 24.93 B, it has increased by 1.88% over the last week.
Yes, AVN dividends are paid annually. The last dividend per share was 2.00 PKR. As of today, Dividend Yield (TTM)% is 0%. Tracking AVANCEON LTD dividends might help you take more informed decisions.
Like other stocks, AVN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade AVANCEON LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So AVANCEON LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating AVANCEON LTD stock shows the buy signal. See more of AVANCEON LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.